Magical Moving Average
The speaker discusses moving averages and suggests that there is no magical length to help you conquer the markets. He mentions that moving averages are a trend following indicator and provide dynamic suppport or resistance. They should be used as one part of your entire trading arsenal.
There are some common numbers such as the 20 period, 50 period, and 200 period moving average which should be tracked as they are followed by institutions and create a self-fullfilling prophecy.
The moral of this story is to be cognizant of some major moving averages and use them to help you determine the trend of the market but stay away from trading solely off the moving averages.
There are some common numbers such as the 20 period, 50 period, and 200 period moving average which should be tracked as they are followed by institutions and create a self-fullfilling prophecy.
The moral of this story is to be cognizant of some major moving averages and use them to help you determine the trend of the market but stay away from trading solely off the moving averages.
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